This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
HOOD | CALL | SWEEP | BULLISH | 08/18/23 | $13.00 | $32.6K | 35.7K | 7.1K |
BAC | CALL | SWEEP | BEARISH | 08/04/23 | $32.50 | $40.7K | 2.1K | 3.5K |
GS | CALL | SWEEP | BULLISH | 10/20/23 | $360.00 | $40.7K | 453 | 2.9K |
COIN | CALL | TRADE | BEARISH | 01/17/25 | $100.00 | $501.8K | 4.6K | 1.9K |
JPM | PUT | SWEEP | BULLISH | 01/19/24 | $150.00 | $110.0K | 6.1K | 835 |
DFS | PUT | SWEEP | BULLISH | 07/21/23 | $104.00 | $73.5K | 14 | 696 |
UPST | PUT | SWEEP | BULLISH | 07/21/23 | $60.00 | $35.5K | 873 | 470 |
BOH | CALL | SWEEP | BULLISH | 08/18/23 | $60.00 | $33.0K | 269 | 303 |
SCHW | CALL | TRADE | BEARISH | 07/21/23 | $60.00 | $30.6K | 12.7K | 289 |
BX | PUT | TRADE | BEARISH | 01/19/24 | $120.00 | $32.0K | 544 | 40 |
Explanation
These itemized elaborations have been created using the accompanying table.
• Regarding HOOD HOOD, we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on August 18, 2023. Parties traded 299 contract(s) at a $13.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $110.0 per contract. There were 35727 open contracts at this strike prior to today, and today 7155 contract(s) were bought and sold.
• Regarding BAC BAC, we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on August 4, 2023. Parties traded 1508 contract(s) at a $32.50 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $27.0 per contract. There were 2191 open contracts at this strike prior to today, and today 3515 contract(s) were bought and sold.
• For GS GS, we notice a call option sweep that happens to be bullish, expiring in 92 day(s) on October 20, 2023. This event was a transfer of 37 contract(s) at a $360.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $1100.0 per contract. There were 453 open contracts at this strike prior to today, and today 2912 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option trade with bearish sentiment. It expires in 547 day(s) on January 17, 2025. Parties traded 130 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $501.8K, with a price of $3860.0 per contract. There were 4631 open contracts at this strike prior to today, and today 1934 contract(s) were bought and sold.
• For JPM JPM, we notice a put option sweep that happens to be bullish, expiring in 183 day(s) on January 19, 2024. This event was a transfer of 200 contract(s) at a $150.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $110.0K, with a price of $550.0 per contract. There were 6147 open contracts at this strike prior to today, and today 835 contract(s) were bought and sold.
• For DFS DFS, we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on July 21, 2023. This event was a transfer of 300 contract(s) at a $104.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $73.5K, with a price of $245.0 per contract. There were 14 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold.
• Regarding UPST UPST, we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 75 contract(s) at a $60.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.5K, with a price of $475.0 per contract. There were 873 open contracts at this strike prior to today, and today 470 contract(s) were bought and sold.
• Regarding BOH BOH, we observe a call option sweep with bullish sentiment. It expires in 29 day(s) on August 18, 2023. Parties traded 300 contract(s) at a $60.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $110.0 per contract. There were 269 open contracts at this strike prior to today, and today 303 contract(s) were bought and sold.
• Regarding SCHW SCHW, we observe a call option trade with bearish sentiment. It expires in 1 day(s) on July 21, 2023. Parties traded 40 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $765.0 per contract. There were 12758 open contracts at this strike prior to today, and today 289 contract(s) were bought and sold.
• For BX BX, we notice a put option trade that happens to be bearish, expiring in 183 day(s) on January 19, 2024. This event was a transfer of 20 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $1600.0 per contract. There were 544 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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